Bernstein upgrades Quanta Services stock to Outperform at USD 775

Published on 10/02/2026 at 12:33 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q2 revenue hit USD 9.56 billion, up 41.10 percent year over year. Quanta Services stock costs EUR 591.30 versus EUR 590.90 on October 2, 2026.

Aquarellmalerei einer Stadtsilhouette mit Hochspannungsmasten im Vordergrund — Quanta Services Inc. (ISIN US74762E1029) prägt US-Infrastruktur, Aquarell zeigt Stadtsilhouette mit Strommasten bei Sonnenuntergang, Illustration mit AI erstellt.

Quanta Services stock (ISIN US74762E1029) was trading at EUR 591.30 at Lang & Schwarz on October 2, 2026, at 12:29 p.m. CEST, versus a prior close of EUR 590.90. According to Investing.com on September 24, 2026, Bernstein upgraded Quanta Services from Market Perform to Outperform and raised its price target from USD 748 to USD 775.

Bernstein raises the target

The analyst action puts the emphasis on execution capacity rather than only on demand. Bernstein said the data center construction bottleneck is shifting from megawatts to manpower, while Quanta can scale craft labor faster than the industry, according to Investing.com.

The same report said Bernstein expects earnings per share to grow at a 25.00 percent compound annual rate, compared with a 15.00 percent Street estimate. That gap is the central argument behind the upgrade, but the valuation remains an important counterweight after the stock's strong run.

Revenue reaches USD 9.56 billion

Yahoo Finance reported that Quanta's second-quarter 2026 revenue reached USD 9.56 billion, up 41.10 percent from the year-earlier quarter. The comparison gives the current price a business figure to measure against, rather than leaving the analyst upgrade as a standalone signal.

Quanta's second-quarter 2026 results also supported a raised full-year outlook. StockTitan reports that the company now guides for 2026 revenue of USD 39.3 billion to USD 39.7 billion, adjusted earnings per share of USD 16.45 to USD 16.95 and free cash flow of USD 2.0 billion to USD 2.5 billion. The filing summary also puts total backlog at USD 53.4 billion, giving investors a second operating measure alongside revenue.

EUR 591.30 quote at Lang & Schwarz

At Lang & Schwarz, Quanta Services was trading at EUR 591.30 on October 2, 2026, at 12:29 p.m. CEST, up 0.07 percent versus the EUR 590.90 prior close of October 1, 2026. The primary listing is on the NYSE, where the structured quote showed USD 662.60 at 4:00 p.m. ET on October 1, 2026; market capitalization was USD 99.6 billion and the 52-week range was USD 404.51 to USD 788.75 as of that quote.

Zacks lists October 29, 2026, as the expected next earnings release date, with consensus earnings per share of USD 5.00 for the quarter ending in September 2026.

The further course of trading is shown by the continuously updated real-time quote of Quanta Services stock.